Barclays decided to sell the 19.6% stake in BlackRock that it had obtained as part of its deal selling Barclays Global Investors to the asset-management company in 2009.
Meanwhile, the national asset-management company, Danaharta, has done a good job helping to clean up the banks' non-performing loans.
In that auction, the government's Asset Management Company similar to the Resolution Trust Corporation that cleaned up America's savings-and-loan mess will be allowed to bid.
Kozhemiakin co-manages the fund for Dreyfus out of the Standish Mellon Asset Management Company.
April 23 (Reuters) - Italian investment bank Mediobanca said on Monday that Ennio Doris, the head of asset management company Mediolanum, had quit as board member.
By merging with the Cole asset-management company, he added, shareholders get a reduction in management fees and a boost in their dividend to 70 cents from 65 cents.
Entering the asset-management business in Europe and the U.S. could help to expand its horizons there, and will push overall assets under management close to the total held by Nomura Asset Management, the biggest Japanese money manager, the company said.
The 27-year-old from Belfast was working with his asset management company in Boston last week when the attack rocked the city.
The main backers of this year's event was Aberdeen Asset Management and the PGA has indicated that the company is anxious to maintain its support providing the tournament stays at the Scottish course.
Mr Gilbert said the level of fixed-income business that had left Aberdeen Asset Management had "slowed significantly" and the company continued to be successful in attracting new investment to global equity and emerging market equity funds.
Since Indian banks are restricted from investing more than 20% of their net worth in nonbanking businesses, Kamath wants to transfer the insurance and asset management businesses to the newly created ICICI Financial Services, a holding company.
The most well-known Chinese asset-management company outside China is BOCI-Prudential Asset Management Ltd.
In 2001, Pittson co-founded the parent company, Orchard First Source Asset Management, which will have a 30% stake in the BDC.
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At the time of his death, Philip had been rising quickly through the ranks at JP Morgan Asset Management and had been set to go to New York and Toronto with the company that September.
Dell's largest independent shareholder, Southeastern Asset Management, said the offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal.
If the company reports strong results for the asset management division in the first few quarters of 2011, there could be upside to our forecasts.
However, the company is now realigning its asset base, revamping management and selling non-core assets.
The company announced it had struck a deal to buy the asset management arm of Barclays.
And Dell's largest independent shareholder, Southeastern Asset Management, says Mr Dell's offer "grossly undervalues the company".
Dell's largest independent shareholder, Southeastern Asset Management, says the offer from Mr Dell, who owns 16% of the company, "grossly undervalues" it.
"The company plans to capitalize on two of the most important trends in asset management: the growth of indexing and the emergence of ETFs as the preferred vehicle for investing in index funds, " Steinberg was quoted in a press release announcing the funding for his new firm, then called Index Development Partners.
Dell's largest independent shareholder, Southeastern Asset Management, has said that Mr Dell's offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal.
The scheme was perpetrated through Red Sea Management Ltd, a Costa Rican asset protection and offshore investments company founded and led by Jonathan Curshen, a dual U.S.-UK citizen residing in Sarasota, Florida.
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The bank BBVA has agreed to transfer its stake of more than 64 percent in the company to MetLife as part of the deal, which also includes a small asset management business in Ecuador.
The original offer from Mr Dell and Silver Lake represented a 25 per cent premium to the company's undisturbed share price, but still left many shareholders dissatisfied, including Southeastern Asset Management, owner of 8.4 per cent of shares.
Evercore Asset Management, whose clients own about 700, 000 shares of Ambac, sent a letter to the company Thursday saying the capital-raising plan was not fiscally responsible.
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